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The market for hernia repair devices is expected to grow at a CAGR of around 4.3% from 2020 to 2027 and expected to reach the market value of around US$ 9,040.2 Mn by 2027.
A hernia is the abnormal exit of tissue or an organ it occurs when an organ pushes through an opening in the muscle or tissue that holds it on the place. For instance, the intestines may break through a weakened area in the abdominal wall. Most of the hernia occurs in the abdomen between the chest and hips, but they can also appear in the areas including upper thigh and groin. Moreover, hernias aren’t that immediate life-threatening but they don't go away on their own and in some cases require surgery to prevent dangerous complications. The symptom of a hernia is a bulge or lump in the affected area. Additionally, the hernia is caused by a combination of muscle weakness and strain, and depending on its cause it develops quickly or over a long period of time. In addition, causes of muscle weakness or strain that lead to hernia include damage from an injury or surgery, aging, developed in the womb and present from birth, chronic coughing or COPD, strenuous exercise, multiple pregnancies, chronic constipation, obesity, or fluid in the abdomen.
Market Dynamics
The rising prevalence of hernia cases, especially inguinal hernia and technological advancement in the devices to operate hernia is supporting the market growth. The rapidly increasing geriatric population and obesity are further increasing the risk of developing hernia in the people. Rising adoption of tension-free repair procedures, advancement in the mesh materials like biological mesh, and surging demand for robotic surgeries are some of the factors driving the market growth. Furthermore, the development of novel products by key manufacturers such as biological mesh and high market potential in untapped emerging economies are some of the factors projected to create potential opportunities over the forecast period from 2020 to 2027.
On the other side, the high cost associated with the hernia repair surgeries and inconsistent reimbursement policies are some of the factors projected to restrict the market growth.
North America accounted for the maximum revenue share in the hernia repair devices market
In 2019, North America is leading the market with a major share in terms of revenue (%) in the hernia repair devices market. The presence of major players in the region along with their advanced technology solutions is supporting the regional market value. The major economies of the region including the US and Canada are supporting the regional market value. Additionally, the rapidly increasing geriatric population, well-established healthcare infrastructure, high per capita income is some of the factors supporting the regional market value. Furthermore, Asia Pacific is projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027. The region is projected to gain growth on account of its emerging economies and its expanding healthcare sector.
The players profiled in the report include Allergan Plc (LifeCell Corporation), B Braun Melsungen AG, Becton, Dickinson and Company, Cook Medicals, CooperSurgical Inc., Insightra Medical, Inc, Johnson & Johnson (Ethicon Inc.), Medtronic PLC, Olympus Corporation, and W L Gore & Associates. The major hernia repair devices players were involved in strategic developments for escalating the profit share in regional as well as the global market. The major investments were announced in the hernia repair devices market for technological advancements in the field.
Market Segmentation
Market By Product Type
Hernia fixation devices
Sealants and Adhesives
Hernia meshes
Surgical Instruments
Other Products
Market By Procedure
Open Tension Repair
Tension-free Repair
Laparoscopic Surgery
Market By Hernia Type
Inguinal hernia
Umbilical hernia
Incisional hernia
Femoral hernia
Others
Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
The market for hernia repair devices is expected to reach a market value of around US$ 9,040.2 Mn by 2027.
The hernia repair devices market is expected to grow at a CAGR of around 4.3% from 2020 to 2027.
The rising prevalence of hernia cases, technological advancement in the devices, rising adoption of tension-free repair procedures, advancement in the mesh materials like biological mesh, and surging demand for robotic surgeries, and rapidly increasing geriatric population and obesity are some of the factors driving the market growth.
Allergan Plc (LifeCell Corporation), B Braun Melsungen AG, Becton, Dickinson and Company, Cook Medicals, CooperSurgical Inc., Insightra Medical, Inc, Johnson & Johnson (Ethicon Inc.), Medtronic PLC, Olympus Corporation, and W L Gore & Associates are the prominent players in the market.
North America held the highest market share in the hernia repair devices market.
Asia Pacific is expected to be the fastest growing market over the forecast period.
The hernia type include in the global hernia repair devices market are Inguinal hernia, Umbilical hernia, Incisional hernia, Femoral hernia and Others
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